Burberry cautions post-pandemic recovery will take ‘some time’

Burberry chief Marco Gobbetti said the business had been performing well before the pandemic

Luxury goods retailer Burberry anticipates a potentially lengthy period before business returns to normal.

The retailer and brand said that it was optimistic following a revival of trading in China, but that it could not provide financial guidance for the current year.

Burberry posted an 8% pro forma fall in adjusted operating profit to £404m for the year to March 28, and at a reported level the decline was 63% to £160m. Revenue fell 3% to £2.63bn.

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